Strategist McDonald says you need a 'different portfolio' to profit in next decade

Market strategist Lawrence McDonald, creator of The Bear Traps Report, says that conditions have changed to where investors will need "an entirely different portfolio ... and an entirely different investment philosophy" than you used in the last decade to be profitable in the next 10 years. He expects a rotation from growth stocks to value stocks, and says that industrials, materials and oil and gas companies will become a much bigger part of the market -- driving returns in the process -- in the next decade.Also on the show, Todd Rosenbluth, head of research at VettaFi, turns to a new actively managed fund from Vanguard for his ETF of the Week, Sharon Epperson, senior personal finance correspondent at CNBC discusses the network's recent study showing that nearly half of American workers are “cautiously optimistic” about their ability to meet their retirement goals, and Professor David Soberman from the Rotman School of Management at the University of Toronto talks about the likely economic impacts created by the longshoremen's strike and when or if the shutdown of many U.S. ports will show up in higher prices and protracted inflation.