The 'Wizard of Wharton' says stocks are on solid ground - and house prices are shaking off mortgage pain

• Jeremy Siegel says the US stock market is on firm ground and house prices are proving resilient.
• The "Wizard of Wharton" says investors view stocks and homes as valuable hedges against inflation.
• A softer labor market could mean the Fed doesn't hike interest rates until December at the earliest.

Jeremy Siegel says the stock market is on firm footing, and the housing market is shaking off the surge in mortgage rates for now.