If Greece avoids defaulting on its sovereign debt, it could help renew confidence in the single currency, though the head of the world’s largest bond fund Pimco said Greece’s way out of its debt problem would be through default.

As foretold on Monday, U.S. equity indices finished flat for the week. Although there were some sizeable swings triggered by news stories and speculation, for the most part, investors were not willing to take a position in front of next week’s Federal Open Market Committee Meeting.

The scenario for next week is simple in my opinion. Maximum liquidity is bullish.

The September E-mini S&P 500 hemmed and hawed throughout the middle part of the day but still managed to post a strong gain into the close. Today’s rally was triggered by a better than expected U.S. Weekly Initial Claims Report and renewed appetite for risk.