According to @KobeissiLetter, the number of zombie companies in the Russell 3000 jumped by 83 in October to 639, the highest since December 2021 (source: @KobeissiLetter). According to @KobeissiLetter, zombie firms are those that cannot generate enough profit to cover interest payments and are staying afloat through continued borrowing (source: @KobeissiLetter). According to @KobeissiLetter, many of the new zombies are in health care and biotech, sectors pressured by soaring costs and declining federal support (source: @KobeissiLetter). According to @KobeissiLetter, the recent peak was 749 zombie firms in March 2021, and many small companies are struggling (source: @KobeissiLetter). According to the International Monetary Fund (2022), stock–crypto correlations have increased, implying that stress in small-cap equities and credit can transmit to risk assets like BTC and ETH (source: International Monetary Fund, 2022 analysis on rising crypto–equity correlation). According to the International Monetary Fund (2022) and @KobeissiLetter, the jump in zombie companies underscores cross-asset risk channels that traders should factor into BTC and ETH risk management and liquidity monitoring (source: International Monetary Fund, 2022; @KobeissiLetter).

According to Bloomberg Terminal, May 2024 saw a record 60 S&P 500 companies and 193 Russell 3000 companies mention 'reshoring' during earnings calls, highlighting a strong trend of moving foreign operations back to the US. This shift could drive increased demand for US-based blockchain infrastructure and stablecoins as companies look to streamline payments and supply chains domestically. Traders should monitor potential impacts on USD-backed crypto assets and increased volatility in blockchain logistics tokens, as reshoring may trigger capital flows and tech investments into US-centric crypto solutions (source: Bloomberg Terminal, June 2024).