Last Monday’s drastic drop in the equity market was most likely part of a longer-term upward trend, but investors should still be cautious of possible near-term dips as the market digests volatility in the currency markets, an analyst says. A week ago, the Dow Jones Industrial Average lost over 1,000 points while the S&P 500 fell 3% and the Nasdaq Composite dove 3% after Tokyo’s Nikkei 225 slid 12.4%. These indexes have nearly or completely erased their losses since then, but investors may want to hold off on buying because near-term volatility may persist as the broader markets absorb sharp m…
