Posts From Jeff Voudrie

Jeff Voudrie
Jeff Voudrie is senior portfolio manager of Common Sense Advisors. He serves as a personal, private money manager, counselor and Certified Financial Planner® to clients nationwide. Jeff started in the financial services industry in 1987 and founded his own firm in 2001. He has been interviewed by publications such as The Wall Street Journal, The London Financial Times, and The Christian Science Monitor, to name a few. He’s the author of The Retired Investor’s Survival Guide Series, a former nationally syndicated newspaper columnist of Guarding Your Wealth and appeared on the CNN Financial Network. Jeff’s outside-the-box approach to investing led him to invent the Portfolio Guardian, earning him 3 U.S. Patents in the process. Jeff is sought out by both the media and industry for his extensive knowledge of annuities, including speaking at Financial Planning Association’s regional symposiums. On the personal side, Jeff and his wife of 25 years, Julie, are the proud parents of seven children and reside near the mountains in Tennessee. For more information visit and
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Treasury Bonds Head Higher As World Markets Remain Volatile

The U.S. stock market may finally be entering a ‘normal’ correction. Yet, we are only down roughly 3 percent from the highs set in May. Year-to-date (through Monday), the S&P 500 and the Dow Jones Industrial Average are flirting with negative territory, with the S&P 500 up 0.48% and the Dow Jones  down 0.78%. Small caps and tech stocks are faring a bit better with the NASDAQ and Russell 2000 indexes up

Outcome In Greece Clouds Stocks vs Bonds Debate

With the sudden rush of news hitting the markets, I thought it would be good to provide a quick market update, hitting on the most important points and how they affect key assets like stocks and bonds. For almost seven years now Central Banks have been pursuing a course of lowering interest rates and devaluing their currencies in an effort to spur growth. In my opinion, it hasn’t worked. And at

Why The Federal Reserve Must Keep Hopes Alive

The third revision of the first quarter of 2015’s Gross Domestic Product was released today and it showed that the economy did slightly better than was reported in the ‘second’ revision. The U.S. economy still shrank in the first quarter (contracting 0.2%), just less than initially reported. Corporate profits declined $110 billion in the first quarter. This is almost 4 times larger than the $30 billion decline that occurred in

Federal Reserve Stays The Course But Economic Data Telling

Over the past several weeks, I have laid out details for why I feel interest rates will continue to trend lower. In a nutshell, I believe that it is unlikely that the Federal Reserve will raise rates in 2015 and it may be mid-2016 until they do… if not longer. The Federal Reserve announcement on Wednesday was true to form – there was just enough information given that regardless of whether you

Are Bonds Bottoming? Here Are 3 Things To Watch For

For weeks now, it looks like I have been wrong on my long bonds positions: the 20+ Year Treasury Bond Fund (TLT) and the Vanguard Extended Duration Bond Fund (EDV). And I have been! But that may be changing. Specifically, the turn may have occurred last Thursday when TLT closed up 2% and EDV closed up 3%. It was equally encouraging that they didn’t correct on Friday. As I write this

Q1 US GDP Growth Turns Negative: A Ray Of Light For Bonds?

The initial ‘advanced’ US GDP growth estimate for the first quarter of 2015 estimated that the economy grew at 0.2%. The second revision based on more accurate numbers indicated that in the first quarter the US gross domestic product actually contracted instead of growing; the number showed no growth and a decline of 0.7%. That is a significant difference from the Wall Street economists that have been predicting annual US

Buckle Up: Bond Market Phase Transition Will Be Volatile

Have you ever noticed how the pace of water flow seems to increase as it approaches a waterfall? If you watch a leaf floating on the water you will notice that is starts to accelerate slowly when there is a drop ahead. And once it gets close to the drop it accelerates rapidly. Scientists refer to this as a phase transition and many forward thinkers are using this illustration for

Bonds Continue To Sell Off, But Risk-Reward Getting Better

I devoted last week’s market commentary to explaining the incredible volatility that has been occurring in bond yields. I explained that volatility associated with trading bonds has increased dramatically. The 10-year German Bund saw a 514% increase in yield in just 8 trading days! It moved 25% in one 32 minute period. German yields have declined since the day of that flash crash but remain elevated. The flash crash in Europe

Bonds Selloff: Why Investors Shouldn’t Sell Into The Panic

Last week was a difficult week for those of us that own bonds. In particular, ETFs like the iShares 20+ Year Treasury Bond Fund (NYSE:TLT) and the Vanguard Extended Duration ETF (NYSE:EDV) were hit the hardest as bond yields jumped (which resulted in the value of our bonds going down). The recent statement by the Federal Reserve is partly responsible because the statement introduced uncertainty and confusion as to the direction

Federal Reserve Meeting: Why The Fed Won’t Raise Rates Until 2016

The S&P 500 has once again powered to all-time highs. Yesterday it reached an intraday high of 2125 before pulling back. There is an FOMC Federal Reserve meeting that starts today and ends with their statement and press conference tomorrow. With this in mind, I believe that both the stock market and bond market will see some volatility this week. At the last Federal Reserve meeting, the Fed communicated that the economy