S&P 500, VIX point to `going all in' on China trade deal

U.S. equity markets appear to be “going all in” and betting against the possibility of a protracted trade dispute with China, according to Nicholas Colas, co-founder of DataTrek Research LLC. Colas drew the conclusion in a report Wednesday from looking at the S&P 500 Index and the Cboe Volatility Index, which uses options prices to track the 30-day implied volatility for the stock gauge. As the S&P 500 pulled back from a record in the past three weeks, the VIX stayed in line with its average reading since 1990, according to data compiled by Bloomberg.