Illustration: Lazaro Gamio/Axios

Strategists at $234 billion asset manager Macquarie Investment Management laid out an exceptionally bullish prediction for U.S. stocks — their equities team is calling for the market to double in value over the next 10 years.

Why it matters: That would put the Dow at around 55,000.

What they're saying: "Growth has entered a secular phase where many companies focused on the new economy can continue to grow for years to come," Alex Ely, Macquarie's CIO of U.S. small-mid cap growth equity, said during a call with reporters Monday.

  • The "new economy" is focused on the expansion of healthy food, advanced drug treatments and the digital economy, he said.

John Leonard, Macquarie's global head of equities, tells Axios that such predictions don't make them super-bulls; it's more that many other investors are "irrationally bearish" on equities and have missed out on a great deal of the gains in recent years.

  • "The fact that this market has been relatively positive and extended since the financial crisis doesn’t mean that the earnings can’t continue to grow and stock prices can’t continue to go up as a result of that."

Go deeper: Investors cheer a Teflon earnings season

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 19,412,292 — Total deaths: 722,066 — Total recoveries — 11,773,112Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 4,945,795 — Total deaths: 161,456 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective
  5. Science: Indoor air is the next coronavirus frontline.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.
2 hours ago - Health

Indoor air is the next coronavirus frontline

Illustration: Eniola Odetunde/Axios

A growing body of research has made it clear that airborne transmission of the coronavirus is possible.

Why it matters: That fact means indoor spaces can become hot spots. Those spaces also happen to be where most business and schooling takes place, so any hope for a return to normality will require better ways of filtering indoor air.

The silver linings of online school

Illustration: Annelise Capossela/Axios

Online learning can be frustrating for students, teachers and parents, but some methods are working.

The big picture: Just as companies are using this era of telework to try new things, some principals, teachers and education startups are treating remote learning as a period of experimentation, too.