Jill Malandrino and Andrew Krill review the Week That Was and line up your trading calendar for the Week Ahead. There has been a shift from momentum and biotech stocks into more defensive names, and the real question is this profit taking or a trend? Looking ahead, investors turn their focus to second quarter earnings as Alcoa kicks it off on Tuesday after the close, with JP Morgan and Wells Fargo on Friday. FOMC minutes, same-store sales and consumer data highlight the economic calendar.

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