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Can US jobs report wake the S&P 500 from its summer lull?

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There’s a summer lull in the US markets with little news and few traders around. Serge Berger looks at whether Friday’s US job report has what it takes to get the S&P 500 going after its been stuck in the longest and tightest range since last December.

Markets will be watching the US nonfarm payrolls for July closely as the US Fed has signaled incoming data will be key for when it decides to hike rates and the jobs report has the potential to move the US stock index, according to Berger. He sets out his trading strategy as well as some of the pitfalls that traders should be aware off.