Watching the dollar reaction to recent Fed speak and commodities pull-back

Interesting to see how the market is absorbing the recent hawkish tone from various Fed officials. It's not just the 25bp expectation, but the talk about 'higher for longer' that seems to be gaining traction. Combine that with the notable pull-back in commodities today – $BRN down nearly 7% to $0.95 and $USLV seeing a similar dive, now at $12.89. Feels like the market is pricing in a significant demand slowdown, or at least a strong dollar headwind.

This makes me wonder about the carry trade dynamic going forward. If the dollar strengthens further on sustained rate differentials, we could see more pressure on risk assets, especially those sensitive to global demand. My watchlist is definitely skewed towards dollar strength plays, or at least assets that can weather a stronger dollar environment. Re-evaluating some of my long commodity exposures based on this shift in sentiment.