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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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

Slowing Global Growth A Headwind For US Economy

Over the last six months I have taken the position that global growth has been slowing and that it will result in slowing growth here in the United States. Keep in mind that I am not saying that the US economy is going to enter into a recession. Instead, I am referring to the rate of change and the slope of the growth curve. Growth slowing means that the economy

Select Bond ETFs Outperforming On Slowing US Economy

Last Friday’s jobs report showed a noted decrease in hiring. It could be a sign that employers are becoming more cautious or it could just be a result of weather—time will tell for sure. One positive in the report was that lay-offs in the energy sector seem to be slowing down. Beyond the jobs report though, the fact remains that our economy is slowing and that should result in interest

March Federal Reserve Meeting: Economy Slowing, Party On

The Big Macro Event that had been hanging over the stock and bond markets the last month was finally resolved last week when the March Federal Reserve FOMC meeting concluded and Fed Chairwoman Janet Yellen announced that they were removing the word ‘patient’. Those expecting higher interest rates were initially cheered by that removal. Their celebration was short-lived, though, because she then went through a litany of economic data that

Weighing The Global Economic Slowdown Into The Fed Meeting

Over the past several weeks I have spent a lot of time highlighting the global economic slowdown and how it will continue to drag on the U.S. economy. Country after country around the world is devaluing their currency, lowering their interest rates and/or performing some form of quantitative easing in an attempt to keep their bubble economies inflated. China announced over the weekend that they will do whatever it takes to keep

Market Debate: Stocks or US Treasury Bonds In 2015?

Last week was a rough week for investors, especially those that were invested in US Treasury Bonds. It has been an especially volatile year so far for US Treasury Bonds. To recap: They surged into year-end 2014 and then continued to push ahead steadily throughout the month of January.  Stocks, on the other hand, struggled throughout January only to initially recover and move into positive territory year-to-date during February. For

Past 10 Years Of U.S. GDP Growth Reveal Disturbing Trend

The major economic release last week was the second estimate of 2014’s fourth quarter and annual Gross Domestic Product (GDP). The GDP is “a measure of the value of the production of goods and services in the United States, adjusted for price changes.” The ‘first’ estimate that came out last month showed the economy growing 2.6% in the 4th quarter. This ‘second’ estimate (based on ‘more complete source data than was