Risk aversion struck on Wall Street once again, as investors reverse recent trends by pulling out of most of the capital markets and cowering for safety in the U.S. dollar. The reversal of the capital markets’ recent direction left equity prices among the session’s many casualties. The Dow Jones Industrial Average (DJI) skidded 104 points, or 1%, to finish at 9867, its lowest close since the start of this month. It marked the fourth time in five trading sessions the Dow recorded a loss, and the first time it’s posted back-to-back triple-digit losses - the Dow lost 109 points Friday - since June.

Granted, it’s too early to say that the market has reached one of those crossroads, and is poised to succumb to the correction that analysts and traders have been...