Markets guru Larry McDonald warns of 'off the charts' complacency — and says Warren Buffett's stock sales are a red flag

Larry McDonald is a former Wall Street trader and the author of "The Bear Traps Report."

Larry McDonald/The Bear Traps Report

• Larry McDonald warned about inflation, complacency, and bank pressures in an interview with BI.
• The author and ex-trader said Warren Buffett slashing his Bank of America stake was a red flag.
• McDonald said tariffs and commodities may fuel price growth, and stock buyers are overlooking risks.

Investors are too relaxed about falling inflation and booming stocks...