#Europe Markets: Bank of America turns bearish on European stocks, sees ‘anti-goldilocks’ shift ahead

European stock investors should brace for as much as a 10% correction by year end, warned Bank of America analysts who see fading economic growth momentum ahead for the region.

“We think the macro backdrop for equities is moving from goldilocks (stronger growth, lower discount rate) to anti-goldilocks,” said a team of strategists led by Sebastian Raedler, in a note to clients on Friday. They see the Stoxx 600 XX:SXXP, which was last down 0.4% at 452.81, hitting 420 by year-end.

The…