Investors in U.S. equities can expect the market to bounce back in the near future, Robert Pavlik, chief market strategist at Boston Private Wealth, said Monday.
"The market is going to be reaching a near-term bottom very soon. What you have to sort of key in on is the level that we held on Friday, the 1,867 level," Pavlik told CNBC. "There is a potential for us to trade a little further down; maybe to 1,852 [or] 1,850, but then I think we start to turn around and we start to see some positives back in the market."
U.S. stocks are off to their worst start in history, with the three major stock indexes closing squarely in correction territory — or 10 percent below their 52-week high — on Friday.