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

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

Plow Through 20,000

Golub believes the Dow index will continue surging through 2017 and it doesn't really matter if the index hits 20,000 this year or early next year.

He cited the prospect of higher interest rates coupled with improved business and consumer sentiments for the continued surge in the stock market. In addition, the stronger U.S. dollar will continue to attract international investors who will now be buying American stocks.

In terms of higher interest rates, Golub suggested it is "not the devil" many believe it to be. Specifically, higher interest rates could act as a "bailout" for many Americans who couldn't afford to retire because they couldn't receive a proper income on their money but are now "seeing a much better situation."