June income and future outlook

In terms of yen conversion, June was up 6.8%. We regret that the response to QT and the end of the period was half-hearted, and we were affected by the selling pressure on semiconductors towards the end of the month. However, it was a good point that we were able to cover it with 2244, which has a diversified portfolio, during the period of semiconductor downturn thereafter.

Following last week's decline, we increased our position in 2244 and SMH. Although each index has been fluctuating, it continues to reach new highs, and the long-term chart shape remains favorable. As for concerns about foreign exchange intervention, there is no movement at the moment, and we expect the yen to weaken further and stocks to rise, leading to an increase in assets.

The semiconductor sector continues to suffer from selling pressure on popular stocks such as NVDA and MU, but there are signs of buying back in other stocks. On Tuesday, both stocks were underperforming, but SMH and SOXL rose, which left a positive impression. We expect both stocks to continue to decline until they reach key support levels, but the earnings were good, so we anticipate a turnaround and an acceleration of the sector's overall rise. We have exited our positions in both stocks when they reached our stop-loss levels, and the profits were invested in SOXL and the well-performing PLTR.

Yesterday's decline in LLY and HIMS is considered a temporary decline in response to official remarks. We wanted to add to our positions, but we have limited cash available, so we decided to wait.