Spy Dividends and corresponding price drops

14 Jun 2023As you can see, this chart shows the dividend dates on Spy back from some of 2022 up until 2023. There appears to be a pretty significant price drop around these dividend dates- sources around the internet (confirmable with a simple google search) show the next Ex-Div date to be 06/16/23, a record date of 06/20/23, and a payment date of of 06/22/23. Depending on what happens at today’s FOMC meeting, could this be what triggers or deepens a pullback from these current highs?