In case anyone doubts that algos are running the show – just look at how Nasdaq futs were levitated desperately to get back to unchanged on the week. Additionally, 4450 was the key level for S&P… …pinned by today’s option expiration… If one were to guess the S&P’s weekly performance after everything that happened – Evergrande’s missed coupon payment, Evergrande’s EV unit liquidity crunch, more hawkish than expected FOMC/BOE decisions, the FDX/NKE outlook cuts signaling supply chain stress is here to stay, chaos in DC with debt ceiling doubts and complete uncertainty over the size (if any) of a new...