About Us


The goal of  StateoftheMarkets.com to provide you with everything you need to become a more successful investor: breaking news, market research, stock analysis, commentary, proprietary market and equity models, and most importantly – actionable portfolios with live trade alerts.

Hello, my name is David Moenning. I am the founder and Chief Investment Strategist at StateoftheMarkets.com. To give you a little background on the guy directing the investment strategy around here, I am not a journalist or an individual that dabbles in the market in my spare time. I am a full-time money manager and the President and Chief Investment Strategist of my Chicago-based Registered Investment Advisory firm. I began my investment career in 1980 and have been an independent money manager since 1987. Thus, I have been live on the firing line and investing for a living for more than two decades.

While it may sound corny, the overriding goal of this website is to help investors. To be sure, my team doesn't have all the answers. But we do have an awful lot of experience and as such, we have made an awful lot of mistakes! In addition, we have learned a thing or two along the way and we promise to do our darndest to pass along as many valuable investing lessons as we can.

So let's get started. At StateoftheMarkets.com, our management philosophy is based on three overriding principles.

1. Timing is Everything
2. Own the Best and Ignore the Rest
3. Always, Always, Always Manage Market Risk!

While there are never any guarantees in investing, our first goal is to be in the right place at the right time. Investors know that "buy and hope" is a failed strategy and that there are indeed times to be in the market, times to be out of the market, and times to be short. The bottom line is we believe in Market Timing and our flagship service – The Daily Decision – helps investors stay on the right side of the primary trend.

Our second objective in our investment portfolios is to "own the best and ignore the rest" in terms of stock selection and asset class allocation. In short, we strive to keep our portfolios focused squarely on the market's leadership.

We believe strongly that investors can achieve far greater success in the market by focusing on the "Top Stocks" and ignoring the hype, hoopla, and everybody's opinions on stocks. For the record, we define "top stocks" are those companies rated highest in terms of earnings strength and stock performance.

Please STOP Feeding the Bears!

Finally, at StateoftheMarkets.com we believe it is vital to manage the risk in the stock market on an ongoing basis. Therefore, one of the objectives in every one of our portfolios is to stay in-tune with the risk/reward environment of the market at all times.

We strongly believe that strategies to reduce exposure to market risk during severe declines should be part of every investor’s portfolio. Our thinking is that no investor, if given a choice, would have wanted to remain fully invested during brutal bear markets such as Tech Bubble Bear of 2000-03 and the 2008 Credit Crisis Crash. Therefore, we strive to reduce risk whenever a bear market begins to growl.

In addition, for more sophisticated investors, we offer short-term trading portfolios for ETFs and Options, alternative asset class portfolios, as well portfolios that can “go both ways” in the market.

In sum, we started StateoftheMarkets.com to help individual investors incorporate professional investing and trading strategies into their private portfolios. Our overriding goal is to help our members and visitors become the most successful investors they can be, regardless of the market environment. We are honored to be of assistance and hope that you find our reports, analysis, models, and portfolios useful.

Wishing you green screens in your investment endeavors,

David D. Moenning

David D. Moenning
Founder and Chief Investment Strategist


About the Editors

David D. Moenning is a the proprietor of StateoftheMarkets.com. In addition to providing free and subscription-based portfolios on "State", Dave is a full-time money manager and the President and Chief Investment Strategist of the Chicago-based RIA firm, Heritage Capital Management. Dave began his investment career in 1980 and has been an independent money manager since 1987. Thus, Dave has been live on the firing line and investing for a living for more than two decades.


Donald B. Moenning is the head of equity research at Heritage Capital Management, a Chicago-based investment management firm founded in 1989, as well as StateoftheMarkets.com. Don holds degrees in Economics and Business Leadership from the University of Puget Sound, lives in Denver, Colorado, and is an avid snowboarder.