BANK OF AMERICA: These 5 metrics will determine the length and severity of a coronavirus-fueled recession

Risk zone: "Lower," per Bank of America

Current level: 265.8

Single-family mortgage applications dipped in the seven-day period ended March 4 but are poised to increase as rates plunged to record lows on Thursday. Mortgage rates loosely follow US Treasury bills and, in turn, the Federal Reserve's benchmark interest rate. The central bank's emergency rate cut on Tuesday could fuel additional buying activity as rates stand at historic lows.

Risk zone: below 50%

Current level: 58%, according to Oddschecker.com

President Trump is still favored to win reelection come November, but Vice President Joe Biden's unexpected Super Tuesday victory drove a sharp uptick in his winning odds. An incumbent loss would throw new volatility into markets and eliminate Trump's anti-regulation platform markets have grown accustomed to.

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