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Pro: The Dow Is A Superior Gauge Of The Sentiment Of The Market

Jonathan Golub of RBC Capital Markets was a guest on CNBC's "Squawk Box" segment on Monday to talk about the hot topic of the week — Dow 20k.

Dow Versus S&P Index

Golub started off by stating that the Dow Jones is a superior index to gauge the overall market, even though the index has just a handful of stocks as opposed to the 500 in the S&P index.

Golub noted that the Dow has a "huge weight" in financial and industrial stocks and doesn't own underperforming tech stocks such as Alphabet Inc and Facebook Inc .

"Normally 30 stocks is a silly index, but right now it's probably a better gauge of the sentiment of the market," he said.

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