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).