Posted 9:45 AM ET – The Market made a new all-time closing high and the rally last week was largely fueled by corporate buy backs ahead of tax reform. According to Bank of America that buyback window has closed and we saw a little profit taking yesterday. The FOMC statement tomorrow will have some Asset Managers on edge. A drop down to SPY $462.50 before the announcement would provide an opportunity to sell out of the money bullish put spreads. Inflation has been running very hot and the PPI came in at a very hot .8%. The market shrugged off a …