Jim Cramer talks buying strategy with Peter Tchir, a fixed-income expert. Tchir notes that so much of Trump's administration has made their fortune running small, privately-held companies so he thinks a lot of the laws and policies that will get passed will be really advantageous for small companies to grow using debt. He also thinks there will be opportunities with European banks and anything that has been beaten down and will benefit from any form of stability. 

Tchir currently serves as managing director of macro income strategy at Brean Capital LLC. He started his career at Bankers Trust and later at Deutsche Bank running high-yield derivatives. Tchir has traded all manner of fixed-income products, both on the sell side as a market maker and as a portfolio manager at a fixed-income hedge fund. During the financial crisis, he ran the U.S. CDS-index business (made famous by The Big Short) for RBS.

This article was written by a staff member of TheStreet.