The stock market on Monday entered what historically is its worst seasonal stretch of days of the year, according to Bank of America.
So far, the S & P 500 is true to form, down about 0.6% this week.
There is also a slew of worker stoppages affecting the economy, along with higher oil prices and a looming government shutdown troubling investors.
The S & P 500 was already in the red for the first part of September and Suttmeier noted that doesn't make this stretch a buying opportunity.
For example, the market benchmark around 4,425 today is still well above its 200-week moving average of 3,914, so it's still in a "secularly bullish" trend, according to Suttmeier.
Persons:
Stephen Suttmeier, Goldman Sachs, Suttmeier, — CNBC's Michael Bloom
Organizations:
Bank of America