The Shemitah is the seventh year in a seven-year cycle as described in both the Old Testament and Torah. Also referred to as the sabbatical year, or "Sabbath of the Land" it is most widely known as an agricultural cycle whereby the land is given rest for one year.
However, for many analysts, it is believed this cycle to have particular importance to world events. This belief and popularity of the Shemitah cycle are largely due to the work of Rabbi Jonathan Cahn in his book The Mystery of the Shemitah.
When does the Shemitah Year start?
We are coming into a new Shemitah year. The next year of the Shemitah starts on September 7th, 2021 and ends September 25, 2022.
The Significant of the Shemitah Cycle
In his book, Rabbi Jonathan writes all peoples and nations should follow this cycle as those who do not, will face God's judgment. According to biblical scholars, the seventh year of a seven-year cycle is the year in which crops should not be planted or harvested. Its a year for the soil to recover and rejuvenate from the prior six years.
This special year is described in Exodus 21:2, 23:10–11, Leviticus 25:1–7, Deuteronomy 15:1–11, and 31:10–13. The use of the number seven is common within biblical texts. It's referred to as God's day of rest during the period of creation (Genesis 2:2-3). Sunday, the seventh day of the week is also a day to be treated as a day of rest.
Is there a relationship with market events?
Many analysts hold significance to the Shemitah cycle. If we look into the past, major market events can be attributed during these years. For example:
- 1916 – 1917: 40% drop in the stock market
- 1930 – 1931: The Great Depression
- 1937 – 1938: Global Recession
- 1979 – 1980: Global Recession
- 1993 – 1994: Bond Market Crash
- 2001 - 2002: 9/11 Terror Attack
- 2007 - 2008: 50% U.S. Stock market value wiped out. Global recession.
- 2015 - 2016: Market Crash
- 2021-2022 - TBD