Jakob's Wealth Management

This week, Amazon is replacing Walgreens in the Dow Jones Industrial Average, marking a significant shift in the investment landscape.

Key takeaways:
Walmart's recent stock split prompted this change, which will increase exposure to consumer retail and other sectors like advertising and cloud computing.
This move reflects the American economy's evolving nature and the tech giant's growing influence in our daily lives.
Investors betting on the average will now have more exposure to Amazon, a company that has diversified beyond online retail to lead in cloud computing and advertising.

As an investor, you may see an impact on your portfolio due to increased exposure to Amazon and the tech sector. It's essential to understand the risks and rewards associated with these changes.

This shift in the Dow also highlights the importance of staying updated with the latest market trends. Be ready to adapt your investment strategy to the evolving economic landscape. 💡🔄

Stay tuned for more updates and financial insights!



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Amazon to replace Walgreens in Dow Industrial Average next week The change will give investors greater exposure to consumer retail, as well as cloud infrastructure and advertising.

🐋💦 An "incredibly rare event" has occurred off the Massachusetts coast! A gray whale, a species that has been extinct in the Atlantic Ocean for over 200 years, was spotted recently.

Scientists made the sighting from the New England Aquarium, which observed the whale diving and resurfacing, a behavior indicative of feeding. 🍽️
This sighting is one of just five in the Atlantic and Mediterranean waters over the past 15 years. ⏳
Researchers believe that climate change, which has left the Northwest Passage ice-free in recent summers, may be responsible for these unexpected appearances. 🌎☀️

This extraordinary sighting is a stark reminder of the tangible impacts of climate change on our planet's ecosystems. Let's all do our part to understand and mitigate these changes. 🌍💚



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Gray whale, extinct in Atlantic Ocean for 200 years, spotted off Massachusetts in "incredibly rare event" A gray whale was spotted recently off the Massachusetts coast in what experts call an "incredibly rare event."

Seeing consumers shift to essential goods is a concern for economic growth and could indicate a recession on the horizon. Remember, consumer spending accounts for 67.7% of our economy's growth. Our view is that as consumers max out their credit cards, they will start to shift more to essentials and spend less, slowing the economy's growth in the next 1-2 years.

Dollar General flags margin hit as consumers shift to essentials Dollar General said on Thursday it expects its margins to come under pressure as shoppers choose less-profitable essential items over clothes, home decor and other such discretionary goods.

Very Interesting view, we also believe a medium to hard landing is inevitable now. But, when does it happen? That's the billion-dollar question. We are reviewing Econ data every day in hopes to have a clearer picture of the timing.

Bloomberg Live on Twitter “A recession with a medium to hard landing is inevitable, CEO Katie Koch tells https://t.co/2lwezyugxP”

What a crazy way for all this to have turned out! What do you think, should the PGA merge with LIV?

Golf-PGA Tour, European Tour and LIV announce merger By Reuters Published Jun 06, 2023 11:23AM ET Updated Jun 06, 2023 12:04PM ET © Reuters. Golf - The Masters - Augusta National Golf Club - Augusta, Georgia, U.S.

Wow, what a game changer if this would happen. Do you think this would help people make ends meet? Would you use this service offered through Prime?

Amazon is coming for the mobile phone industry and might offer free service to Prime members Amazon.com Inc. has been talking with wireless carriers about offering low-cost or possibly free nationwide mobile phone service to Prime subscribers, according to people familiar with the situation. The company is negotiating with Verizon Communications Inc., T-Mobile US Inc. and Dish Network Corp....

Seems like there is some bipartisan support for this to be repealed. Still seems to have a long way to go in the courts anyway. What do you think? Should we forgive only Student loan debt?

Senate passes GOP-led resolution to block Biden's student loan relief plan The Senate passed legislation on Thursday seeking to repeal the Biden administration's student loan relief plan, setting up a pledged veto from the president. The relief plan, which would cancel up $20,000 in federal student loan debt for tens of millions of Americans, has been tied up in the courts...

It's kinda crazy that all the top automakers just can't compete with Red Bull.

Red Bull could win every race in 2023 - Verstappen By Andrew Benson Chief F1 writer Last updated on . From the section Formula 1 Max Verstappen says it "looks like" Red Bull could win every race this season but insists that it is "very unlikely to happen". Red Bull have won all six races so far in 2023, with four for Verstappen, and look set to domi...

Not good for the core inflation readings. Hopefully, it won't be too bad.

You're about to pay more for orange juice as Florida citrus growers see the smallest crop since the Great Depression The Department of Agriculture estimates the lowest totals in 90 years.

While this may seem like a concern for the dollar as the world currency. We view this as a small change. Many countries want to sell their goods and get stable returns. China's currency doesn't qualify as stable and is manipulated drastical and regularly.

Argentina in talks to expand China currency swap line, source says By Reuters Published May 24, 2023 11:55AM ET © Reuters. FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration By Walter Bianchi BUENOS AIRES (Reuters) - Argentina is in talks to renew and potentially expand its c...

"Sensible safeguards” are probably the scariest two words a politician can utter.

Top Moments From ChatGPT Creator's Congressional Testimony ChatGPT creator Sam Altman answered questions from congress about the safety and risks of ChatGPT. The topics of discussion included regulation, election int...

Crazy how impactful AI could be. Still need to refrain from passing laws that reduce our rights just to control AI.

Fake image of explosion near Pentagon stirs concerns over artificial intelligence A fabricated photo seems to show a fiery explosion near the Pentagon and went viral. Now experts say it was likely created by AI, fueling concerns about the ...

Drones to monitor sharks at the beach. What a cool tool we have now to protect beachgoers. Don't forget though that according to the Florida Museum of Natural History you're way more likely to die from lighting than sharks.

Long Island adds 10 drones to its shark monitoring tools Ocearch, a shark tracking service, currently shows 15 tagged sharks in the Atlantic near the destination right now

Slowing inflation and positive growth in India's economy are good to see since they are a trade partner. However, we would not expect to see the positive effects of this lower cost translate to US goods. Smaller banks not lending near where they used to is expected to be a considerable headwind that will maintain the USA's inflation for the foreseeable future.

India's economy sustaining recent growth momentum, inflation slowing - RBI By Reuters Published May 22, 2023 08:53AM ET Updated May 22, 2023 10:00AM ET © Reuters. FILE PHOTO: An employee works inside an engineering goods export unit in the manufacturing hub of Faridabad on the outskirts of New Delhi, India, January 13, 2023.

Interesting. Nothing like gambling with the full faith and credit standing of America.

Debt limit talks stalled as McCarthy says White House has 'moved backwards' since Republican walk-out House Speaker Kevin McCarthy accused the White House of backtracking in talks on raising the US debt limit and said he doesn't expect any progress until President Joe Biden returns to Washington from a Group of Seven summit in Japan.

Seems like Biden and the GOP can't get on the same page. We believe that a debt ceiling deal gets done but that it will be a torment for the markets until then.

The GOP's top debt limit negotiator says it's time to 'press pause' on talks despite the looming deadline Republicans want to extract steep spending cuts that Biden has so far refused to accept.

For a while now owning bonds has been a negative real rate. It seems like it will be a long time before we see positive real rates.

Real Rate Of The 10-Year Treasury Note We like to update this table from time to time, to keep tabs on the impact the recent interest rate spikes may be having on the fixed income market. The real rate of return on a bond is calculated by subtracting the most recent inflation rate, such as the Consumer Price Index (CPI), from the bond's....

Hopefully, we can get a debt ceiling deal done. What do you think, will we default?

Stock futures pop amid debt ceiling debate, Walmart earnings: Stock market news today Stock futures popped on Thursday morning as investors await updates to the ongoing debt ceiling debate and quarterly results from Walmart ( WMT) flashed resilience from the American consumer. Futures tied to the S&P 500 (^GSPC) rose 0.25%, while futures on the Dow Jones Industrial Average (^DJI) add...

With the recent regional bank crisis, this is completely expected. We expect this to continue and possibly cause a mild to severe recession.

NY Fed May survey finds rising number of firms expect credit tougher to get By Reuters Published May 16, 2023 09:30AM ET Updated May 16, 2023 09:37AM ET © Reuters. FILE PHOTO: People walk outside the Federal Reserve Bank of New York in New York City, U.S., March 18, 2020. REUTERS/Lucas Jackson By Michael S.

Will we default? Let's hope not!

Crunch time for deal on debt limit as leaders to discuss plan to avoid default President Biden and top congressional leaders will meet Tuesday at the White House to continue talks on raising the nation's debt limit, but no major breakthrough is expected at the meeting, with sources on both on Capitol Hill and the White House signaling the negotiations haven't made major progre...

The Consumer Price Index (CPI) Rose 0.4% in April

The Consumer Price Index (CPI) Rose 0.4% in April Implications: Headline inflation re-accelerated in April after a lull in March, and readings remain well above the Fed's 2% inflation target. For the most volatile categories, energy prices rose 0.6% in April while food prices remained unchanged for a second month in a row.

A may make sense, but you need to set proper expectations.

Making Sense Of A Home Warranty Understanding the value of a home warranty.

Don’t be afraid of the cyber desperadoes. Learn how your data can be covered by cyber liability insurance in this fun video.

The Wild West of Data Theft Learn about cyber liability insurance in this entertaining video.

Learn more about whether you need to pay estimated taxes.

You May Need to Make Estimated Tax Payments If… Have income that isn’t subject to tax withholding? Or insufficient withholdings? You may have to pay estimated taxes.

Will April showers bring May financial flowers? The markets closed out April with a volatile week, and hawkish comments from the Fed are making many investors skittish.

Monthly Market Insights | May 2022 Monthly Market Insights | May 2022 U.S. Markets April was a challenging month for investors as losses in mega-cap technology companies and high-valuation stocks spilled over to the broader market. The Dow Jones Industrial Average lost 4.91 percent while the Standard & Poor’s 500 Index dropped 8.80...

Tax freedom day: the day you begin earning money for yourself.

Tax Freedom Day Assess how many days you'll work to pay your federal tax liability.

If you want to avoid any potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT.

Do You Owe The AMT? If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT.

Prescription coverage is handled under Medicare Part D. Unsure if you need this coverage? Read on to learn more:

Prescription Drug Benefits Under Medicare (Part D) Do you need to enroll in Medicare Part D? Read this article to learn more about whether you need this coverage

The IRS can tax up to 85% of Social Security benefits. It may be possible to manage the tax bill.

Social Security Taxes Estimate how much of your Social Security benefit may be considered taxable.

“The only things certain in life are death and taxes.” Benjamin Franklin

The Other Sure Thing Though we don’t like to think about it, all of us will make an exit sometime. Are you prepared?