Few things will be more impactful than what Kevin Warsh says next week: Wharton's Jeremy Siegel

• Market's strong performance (S&P 500 up 10-15%) was unexpected by many, including Siegel.
• Factors contributing to market strength include manageable oil prices (China's reduced imports, geopolitical de-escalation) and strong earnings from the chip sector (AI boom).
• Monetary policy has become more accommodative, with an upward trend in money supply providing liquidity to fuel the AI revolution.
• The upcoming Fed meeting and potential statements from Kevin Warsh are highlighted as significant events, with expectations of a pause in rate changes.

Jeremy Siegel discusses the surprising resilience of the S&P 500, attributing its upward momentum to manageable oil prices, blowout earnings from chip companies driven by the AI revolution, and an increasingly accommodative monetary policy. He notes a significant increase in money supply providing ample liquidity.