Set Pressure cooker on high saute. Add half a stick of butter to pot
Add Beef stew meat, and lightly salt and pepper both sides to taste.
Add onion to meat and mix well. Set pot to medium saute mode. Add apple juice. If you have a glass tempered lid that fits on the pot, at this point place lid on pot and let simmer for 20-30 minutes. Stirring occasionally. If not, you may Pressure Cook at High for 10 minutes and quick release.
Add apples, carrots, cloves, allspice and bay leaves. Set pot on High Pressure Manual for 10 minutes. Quick release.
In a separate bowl, mix cornstarch and water. Mix until desired consistency (should be like a pudding) Add cornstarch to the stew and mix well. Let stew sit for 10 minutes before serving.