Next week does not have a large number of events scheduled but most of what is on the calendar is expected to be pretty influential. Unlike most Mondays, we start the new week with an important piece of economic data when June’s Retail Sales report is posted. It tracks consumer level sales that make up over two-thirds of the U.S. economy. Then mid-week we have Fed Chairman Powell’s semi-annual two-day congressional testimony on the status of the economy and monetary policy plans. After those events, there is little economic data scheduled that we need to watch. However, corporate earnings season gets into full-swing, possibly driving stocks and bond trading any day. Look for more specific details on next week’s activities in Sunday evening’s weekly preview.