August begins the historically worst part of the year for stocks. Bank of America says get defensive

has averaged a loss of 0.03% between August and October since 1928, making it the worst three-month period for the broader market index. This period also includes September, a month in which the S&P 500 averages a loss of 1%.

Given this historically weak time period for the market, Bank of America's Stephen Suttmeier thinks this is a good time to "get more defensive."

Pro The bear: Why you look at me, it’s not my fault😄

Pro The sentiment indicators are certainly negative going into the month. Maybe a contrary indicator, we will see 💰

Pro History doesn't mean anything. This is an extraordinary time! Let's not confuse things here!

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