Todd Bernstein of Janney Montgomery Scott LLC

My mission is to help clients demystify the process of managing their financial wealth. Our page and updates are intended for U.S. residents only.

Janney Montgomery Scott LLC (“Janney”) is a Registered Investment Advisor, Broker Dealer and a member of FINRA, NYSE, and SIPC. No information posted on this site should be construed as a recommendation by Janney or any of its affiliates as an offer to sell or solicitation to buy any securities or as personalized investment advice. For information about how Janney may use the information you provi

One Last Time for the Cheap Seats? 07/28/2023

Our Investment Strategy Group discusses the Federal Reserve's decision to raise interest rates by 25 basis points and what it means for investors.

One Last Time for the Cheap Seats? You’d be forgiven for experiencing de ja vu with regard to our FOMC note titles: this is the second time we’ve argued this is *probably* the last rate hike of the cycle. But this time it’s for real.

20 No Churn Ice Cream Recipes | Julie Blanner 07/28/2023

Beat the heat with these delectable homemade ice cream recipes that will satisfy your sweet tooth all summer long.

20 No Churn Ice Cream Recipes | Julie Blanner Find 25 no churn ice cream recipes in this collection! Make condensed milk ice cream WITHOUT a machine- these recipes are TRIED + TRUE!

7 Active Listening Techniques to Practice in Your Daily Conversations 07/21/2023

Discover the transformative effects of active listening to enhance your communication skills.

7 Active Listening Techniques to Practice in Your Daily Conversations Active listening is different from hearing or even paying attention. Learn the benefits of active listening, along with techniques you can use to improve this skill.

07/19/2023

Join our exclusive webinar for a nonpartisan, comprehensive overview of the political environment, prospective legislation, and strategies for investment and retirement planning.

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July Investment Perspectives 07/12/2023

In this edition of Investment Perspectives, our Investment Strategy Group discusses the state of China’s economy, the use of a core-satellite method to construct portfolios, and the concentration of recent stock performance.

July Investment Perspectives We take a look at why China's economic recovery has struggled, the core-satellite method of portfolio construction, and how the recent tech-stock dominance offers a reminder of past performance.

Outlook 2023: Mid-Year Update 07/11/2023

In its mid-year update, our Investment Strategy Group reviews important market and economic trends and what investors should expect for the rest of 2023.

Outlook 2023: Mid-Year Update In our initial Outlook 2023 publication, we offered a thesis around the concept of two-way risk.

Encouraging Market Momentum With Broader Participation 07/07/2023

Our Investment Strategy Group analyzes what you need to know about the latest market and economic news. Read more.

Encouraging Market Momentum With Broader Participation Stocks posted a strong start to the year and month of June with the S&P 500 up 15.9% in the first half. This was the best start since 2019 and second best this century.

07/04/2023

As we celebrate our nation’s independence today, we also pay tribute to those who protect it. Happy Independence Day!

Economy Remains Resilient and is Supporting Stocks 06/30/2023

In this article, our Investment Strategy Group provides an overview of the latest market and economic news.

Economy Remains Resilient and is Supporting Stocks Recent important economic readings have been better than consensus expectations, while the Atlanta Federal Reserve (Fed) GDPNow forecasting model is estimating economic growth of 1.8% for the second quarter.

Market Breadth Improvement Conflicted by Weak Leading Indicators 06/27/2023

Our Investment Strategy Group discusses the latest market and economic news in its weekly update. Read more.

Market Breadth Improvement Conflicted by Weak Leading Indicators We continue to see an uncertain outlook. While we are encouraged by the broader participation in the stock market rally, leading indicators continue to signal economic weakness ahead.

How Concerned Should We Be About Narrow Market Breadth? 06/20/2023

Our Investment Strategy Group analyzes what you need to know about the latest market and economic news. Read more.

How Concerned Should We Be About Narrow Market Breadth? As expected by the market, the Federal Reserve paused its interest-rate hiking campaign.

06/19/2023

Today we celebrate the full abolition of slavery in the United States. As we honor its historical and cultural significance, we must continue to work toward a brighter, more equitable and inclusive future for all.

06/18/2023

“A father is neither an anchor to hold us back, nor a sail to take us there, but a guiding light whose love shows us the way.” —Unknown

06/14/2023

Did you know there have been 27 versions of the American flag since the original design in 1777?

June Investment Perspectives 06/14/2023

In this edition of Investment Perspectives, our Investment Strategy Group discusses the possibility of a recession in 2023, what’s next for the bond market, and the latest considerations for the stock market this month.

June Investment Perspectives We examine the plausibility of avoiding a recession this year, what happens to the bond market now that the debt-ceiling saga ended, and what's expected to weigh on the stock market this month.

Lower Inflation but Conflicting Economic Signals Have Us Neutral 06/09/2023

In this article, our Investment Strategy Group provides an overview of the latest market and economic news.

Lower Inflation but Conflicting Economic Signals Have Us Neutral We continue to see uncertainty for the economic outlook, highlighted by conflicting current economic readings and falling leading indicators.

Investment Implications of the Fiscal Responsibility Act 06/08/2023

Our Investment Strategy Group offers several key takeaways about the U.S. debt ceiling deal.

Investment Implications of the Fiscal Responsibility Act We have the following thoughts on the Fiscal Responsibility Act (FRA) that President Biden signed into law over the weekend.

Economic Readings Consistent With Growth but Sticky Inflation 06/05/2023

Our Investment Strategy Group discusses the latest market and economic news in its weekly update. Read more.

Economic Readings Consistent With Growth but Sticky Inflation The incoming data remain consistent with economic growth, with consumer spending supported by pent-up demand, excess savings, and a strong labor market.

05/29/2023

This Memorial Day, let us honor the sacrifices of those who courageously gave their lives in service of our country.

What to Consider as Debt-Ceiling Drama Unfolds 05/26/2023

Our Investment Strategy Group outlines some of the potential risks of a debt ceiling breach, what to expect within the financial markets, and steps investors could take in the short term.

What to Consider as Debt-Ceiling Drama Unfolds There has been no shortage of media coverage on the debt ceiling lately.

Debt-Ceiling Lessons from 2011 05/17/2023

Our Investment Strategy Group analyzes historical data surrounding the debt ceiling and what lessons long-term investors can learn.

Debt-Ceiling Lessons from 2011 Doing the same thing over and over eventually wears anyone down. Nonetheless, for the 79th time in the past 83 years, the U.S. faces a decision about what to do with the federal debt ceiling.

Underlying Inflation Pressures Continue to Pose Market Headwind 05/16/2023

Our Investment Strategy Group analyzes what you need to know about the latest market and economic news. Read more.

Underlying Inflation Pressures Continue to Pose Market Headwind We continue to field questions about the debt ceiling, and we still believe a deal will be reached in time to avoid a default.

Republican Bill Moves Debt-Ceiling Process Forward 05/15/2023

Our Investment Strategy Group offers six key points for investors to know after House Republicans passed a debt ceiling bill.

Republican Bill Moves Debt-Ceiling Process Forward Now that House Republicans passed the Limit, Save, Grow Act of 2023, which proposes to raise the nation’s $31.4 trillion borrowing limit in exchange for deep government spending cuts, we have the following thoughts.

05/14/2023

“Mothers are like glue. Even when you can’t see them, they’re still holding the family together.” —Susan Gale

May Investment Perspectives 05/11/2023

In this edition of Investment Perspectives, our Investment Strategy Group discusses the state of the economy, expectations for Fed policy, and the outlook for the stock market.

May Investment Perspectives We examine why it has not looked like a recession yet, how the Fed policy tools have changed, and whether the stock market will remain resilient through the coming months.

Economic Growth and Stubborn Inflation Justify Higher Interest Rates 05/08/2023

In this article, our Investment Strategy Group provides an overview of the latest market and economic news.

Economic Growth and Stubborn Inflation Justify Higher Interest Rates Stay current with financial planning advice and investment insight from Janney's analysts and education writers.

Once More into the Breach 05/05/2023

Our Investment Strategy Group analyzes the Federal Reserve's decision to raise interest rates for the 10th consecutive time and what it means for investors and future Fed policy.

Once More into the Breach Stay current with financial planning advice and investment insight from Janney's analysts and education writers.

Markets Enter May as Investors Assess Earnings, Data 05/04/2023

Our Investment Strategy Group examines what might be ahead in May for the stock market after assessing earnings and other key data.

Markets Enter May as Investors Assess Earnings, Data Stay current with financial planning advice and investment insight from Janney's analysts and education writers.

Republican Bill Moves Debt-Ceiling Process Forward 05/03/2023

Our Investment Strategy Group offers six key points for investors to know after House Republicans passed a debt ceiling bill.

Republican Bill Moves Debt-Ceiling Process Forward Stay current with financial planning advice and investment insight from Janney's analysts and education writers.

Mixed Economic Signals Add to Uncertain Outlook 04/28/2023

Our Investment Strategy Group discusses the latest market and economic news in its weekly update. Read more.

Mixed Economic Signals Add to Uncertain Outlook Stay current with financial planning advice and investment insight from Janney's analysts and education writers.

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814 A1A North Suite 203
Ponte Vedra Beach, FL
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