Macro Briefing: 26 February 2018

China lays groundwork for Xi Jinping to hold presidency indefinitely: WaPo
Mexico’s president cancels White House visit after call with Trump: LA Times
Treasury yields dip ahead of new Fed chief’s first congressional testimony: MW
Peter Navarro, a trade skeptic in the White House, is promoted: NY Times
Buffett: patience is required in a world of high-priced equities: Bloomberg
Firmer pricing for transport costs point to another inflation factor: Reuters
Data breaches reach an all-time high in 2017: Thales
US flu season is the worst since 2009-2010: FiveThirtyEight
Is factor allocation superior to conventional asset allocation? Alpha Architect
Relative strength in junk bonds may be positive sign for stocks: FMD Capital
Bridgewater’s short on European equities goes into overdrive: Barron’s
US financial stress level ticks lower for first time in five weeks: St. Louis Fed