Bloomberg News reports that just before the meeting of the Federal Reserve and earnings of the Big Tech later in the week, Ed Yardeni spoke a few comforting words, and it was that for the bear market, the worst is over. The plunge of S&P500 in the last month, which recorded a 3,666.77 low, is likely the trough of equity rout of 2022, as stated by the Yardeni Research president. Underpinning the call is the corporate earnings' resilience and a healthy outlook for business entities and consumers despite the slowing down of the economy. Yardeni's Optimism Amidst Apprehensions While talking on Bloomberg TV, Yardeni stated that it is not easy in the stock market to pick a bottom. However, he said he would be giving it a try. He also said that earnings season would be the real question, which is going so far reasonably well. Yardeni also said that the stock market has not been thrashed yet and is being upheld quite well. The statement comes as a large one just before a week, which will be decisive. On Wednesday, the Fed is all set to hike the rate, which it is being ascertained will be that of a supersize. Alphabet Inc, Microsoft Corp, Amazon.com Inc, and Meta Platforms, all mega-cap technology companies, are scheduled to release their earnings reports. Bloomberg News also reports that the money managers of this month's Bank of America Corp survey say they have slashed the equity exposure since 2008's financial crunch to the lowest level. This is a sign that very little faith exists in the bounce of recent markets. Towards June end, the Deutsche Bank AG poll indicated 72% of the respondents were anticipating the S&P 500 to drop to 3300 at first instead of rallying to 4500. The S&P 500 index has surged by 8% since the low of mid-June, thereby staging the year's longest recovery after sliding by more than 20% during the first six months. Stocks have dwindled amidst concern that the aggressive monetary tightening of the Fed could lead the economy into a recession. Now with the price of commodities plunging and the data implying a slowdown, it is being ascertained that inflation pressures will finally peak. Bloomberg News reports that even though Yardeni revealed that the gross domestic product reading in the second quarter might become negative, causing a contraction for the second quarter, he would regard it as a mid-cycle slowdown. Yardeni said that he did not see a hard landing.