The market is down bad right now, here's how I'm finding companies that persevere

S&P is getting hit hard, and the TSX is following. Everything is red and the headlines are doing what they always do, making it feel like the world is ending.

A few things worth keeping in mind before you do anything.

First, this isn't random. The tariff situation is real, the macro uncertainty is real, and the market is repricing risk across the board. This is not irrational panic, it's the market starting to price in uncertain policy outcomes.

Second, and I think this is the more important point, broad selloffs don't discriminate. When institutions need liquidity they sell what they can, not what they should. That means excellent businesses with no tariff exposure, recurring government revenue, and growing free cash flow are getting dragged down alongside the names that actually deserve to be sold. That gap between should be sold and getting sold anyway is where long-term investors make money.

Third, I actually just published a deep dive this week on 8 companies I think are trading below intrinsic value right now, before this selloff. A salvage auto duopoly at a 52-week low with zero net debt and 32% ROIC. A Canadian accessibility equipment company sold off on tariff fears where most of the product is actually tariff-exempt. A Canadian collision repair company that beat EPS estimates by 43% this morning and is down 12% anyway. These were already discounted. Today they're more discounted.

What I'm not doing is panic selling anything with a clean balance sheet and an intact thesis. What I am doing is going back through that watchlist and checking which buy zones are now actually in range that weren't yesterday.

The market does this. It always has. The question isn't whether it's scary which it always will be, the question is whether the businesses you own are actually hurt or just cheaper.

I have a watchlist breakdown thats available in my bio if you want the names and the models behind them. Happy to talk through anything in the comments.