The S&P 500 looks like it can fall into bear market territory. There is a good chance that won’t happen, though, thanks to Apple.
There are no shortage of fear factors that could put the index into such scary territory. It starts with the Federal Reserve, which is trying to reign in high inflation by hiking short-term interest rates and reducing its bondholdings, moves that will likely slow down economic and earnings growth. Plus, there are lockdowns in China. Limited supplies from the region results in higher costs for companies,…