Apple is the stock to be watched by investors who are looking for an end of the relentless selling in 2022. Trader Danielle Shay says that Apple might have to fall further to avoid a market bottom. Already, Apple is 20% lower this year than it was Wednesday after the stock plunged 5%. Shay from Simpler Trading is the vice-president of options and said that more damage could be seen as an indication that investors have lost faith. “What I have seen” is consistent and regular selling, Shay said to Kelly Evans on CNBC’s “The Exchange”. The most important thing is that the impact has not been as severe on core stocks, such Microsoft and Apple, like it did Teladoc. Therefore, we cannot capitulate until Apple is down. Although it’s hard to believe, 20 percent, even 30%, are not acceptable. She said that “people will keep on holding on so long as Apple remains strong because there is hope.” But when Apple starts to fall, I think we’ll see capitulation. Shay indicated that she doubts the Federal Reserve will intervene in order to save the markets as in the past. Fed officials stated in recent days they intend to keep raising rates and selling assets to ensure inflation achieves the central bank’s target of 2%. This is after inflation had been at 8.3% in April. “The Fed pretty much stated they do not have an interest in saving markets at the moment. The Fed saving investors with their Fed put is a common expectation. But Shay stated that they don’t believe it will happen. My question is how much will they be able to save us. It’s not something I know about.