Powell surprised. Bonds steepened. Small caps surged.But the headline act? US housing feeling the strain.In this episode of The Active Investor, SG Hiscock & Company's Executive Chair Steve Hiscock and CIO Rob Hogg unpack:🔹 Powell's dovish turn at Jackson Hole and its impact on rate expectations🔹 Why US housing is under renewed pressure as 30-year yields rise🔹 The global bond market steepening and what it signals for investors🔹 Key takeaways from Australia's reporting season – volatility at the top end🔹 The AI hype cycle and whether returns are living up to the narrative🔹 Valuations at the high end and the case for investor caution💡 Timely insights from active managers navigating shifting markets.✅ Subscribe to The Active Investor with SGH: stay informed, stay active.Recorded on 01 September 2025.https://sghiscock.com.au/Follow us on LinkedIn: https://www.linkedin.com/company/sg-hiscock-company/⁠The podcast does not constitute financial advice and assumes a certain level of knowledge. It is general information only and does not take into account the investment objectives, financial situation or needs of any person and should not be considered a recommendation. The views in this podcast are those of the contributors at the time of recording. Neither SGH nor any of its related parties provide any warranty of accuracy. Returns are not guaranteed. More information available here: https://sghiscock.com.au/podcast-disclosures-and-disclaimers/