Pavlos Panagopoulos of Cetera Wealth Services LLC Stock Market Report for October 6th, 2026

It's now time for our stock and business update today, sponsored by Cetera Wealth Services.

And with us from Cetera is our buddy, Pablos Pentagopoulos.

And Pablos, I've heard that fixed income is the harbinger of what's yet to come.

Remember, we're in October, historically the worst month of the year for the market, right?

Yeah, good month for balloons, for avocry, but the stock market has not done very well over history.

But we're seeing the market doing okay.

Oil now today is at $98 a barrel.

But we've seen, again, big drops in October.

Remember 1929, 1987, you and

I

were around at that time.

And in 2008, come to mind, again, the bomb vigilantes descend upon us like balloons.

The talking heads on Wall Street keep preaching, Bob, duration, keep it long-term.

You make money if you don't hurry up and lock into those higher rates.

But, you know, they've been handed their head lately.

All right.

And you don't sound like you and your team at Cetera adhere to that philosophy.

You know, I worry about Robin, aka Treasury Secretary Scott Bessett, who now tells the Wall Street bros, I'm the house now, and the bond market will do what I say.

All right, so he sounds like the sheriff of Nottingham Forest, right? What made him change his tune?

Well, you know, Robinhood, three years ago, he took on Liz Truss and... brought the British economy to its knees.

But now he's in the driver's seat at the Fed.

He's switched roles.

And, of course, power has gone to one's head.

And you know what they say about power, right?

Yep, absolute power corrupts absolutely.

It's now time for our stock and business update today, sponsored by Cetera Wealth Services.

And with us from Cetera is our buddy, Pablos Pentagopoulos.

And Pablos, I've heard that fixed income is the harbinger of what's yet to come.

Remember, we're in October, historically the worst month of the year for the market, right?

Yeah, good month for balloons, for avocry, but the stock market has not done very well over history.

But we're seeing the market doing okay.

Oil now today is at $98 a barrel.

But we've seen, again, big drops in October.

Remember 1929, 1987, you and

I

were around at that time.

And in 2008, come to mind, again, the bomb vigilantes descend upon us like balloons.

The talking heads on Wall Street keep preaching, Bob, duration, keep it long-term.

You make money if you don't hurry up and lock into those higher rates.

But, you know, they've been handed their head lately.

All right.

And you don't sound like you and your team at Cetera adhere to that philosophy.

You know, I worry about Robin, aka Treasury Secretary Scott Bessett, who now tells the Wall Street bros, I'm the house now, and the bond market will do what I say.

All right, so he sounds like the sheriff of Nottingham Forest, right? What made him change his tune?

Well, you know, Robinhood, three years ago, he took on Liz Truss and... brought the British economy to its knees.

But now he's in the driver's seat at the Fed.

He's switched roles.

And, of course, power has gone to one's head.

And you know what they say about power, right?

Yep, absolute power corrupts absolutely.