By Brijesh Bhatia
The “Year of the Snake” is a term derived from the Chinese zodiac, which plays a significant role in the lives of many individuals, especially in East Asia. And as we will learn today, it also appears to have some corelation, if not causation, with how stock markets behave across the world.
But first…
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What is the Year of the Snake?
The Chinese zodiac consists of a 12-year cycle, with each year associated with an animal sign. These signs are Rat, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, and Pig. Each sign is believed to influence the personality traits, fortunes, and life paths of people born under that sign. In the Chinese zodiac, the Year of the Snake comes once every 12 years and is considered the sixth sign in the cycle.
The Snake is often associated with wisdom, charm, and elegance but also with caution, secrecy, and introspection. It is a year that calls for strategic thinking, taking calculated risks, and being alert to opportunities and dangers. The snake’s energy is believed to foster growth, but only if individuals and entities carefully navigate potential pitfalls.
The Historical Year of the Snake
Historically, the Year of the Snake has witnessed significant positive and negative events in various sectors, including politics, culture, and economics. Some years associated with the Snake sign have seen prosperity and stability, while others have been marked by volatility and uncertainty.
Key Events in Past Snake Years:
- 2013—Year of the Water Snake: This was a year of cautious optimism and significant global events. The U.S. Federal Reserve began tapering its quantitative easing program, raising concerns over global liquidity. In China, President Xi Jinping focused on economic reforms and anti-corruption measures. Geopolitical tensions, particularly over the Syrian Civil War, dominated international discussions. Despite these challenges, global stock markets showed positive performance, reflecting a year of strategic caution and gradual recovery.
- 2001—Year of the Metal Snake: During this period, the global economy faced a downturn,
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