Of course not.
I was just asking the clarifying question because I found the point about the old covenant an interesting one.
As has been noted, there are Protestants who take the new covenant to make the old completely unnecessary. I think we Catholics do not go anywhere near as far.
The Ten Commandments are a particularly useful example because few would say that these were invalidated by Christ.
And with good reason (Catechism 2052-2055):
2052 “Teacher, what good deed must I do, to have eternal life?” To the young man who asked this question, Jesus answers first by invoking the necessity to recognize God as the “One there is who is good,” as the supreme Good and the source of all good. Then Jesus tells him: “If you would enter life, keep the commandments.” And he cites for his questioner the precepts that concern love of neighbor: “You shall not kill, You shall not commit adultery, You shall not steal, You shall not bear false witness, Honor your father and mother.” Finally Jesus sums up these commandments positively: "You shall love your neighbor as yourself."1
2053 To this first reply Jesus adds a second: "If you would be perfect, go, sell what you possess and give to the poor, and you will have treasure in heaven; and come, follow me."2 This reply does not do away with the first: following Jesus Christ involves keeping the Commandments. The Law has not been abolished,3 but rather man is invited to rediscover it in the person of his Master who is its perfect fulfillment. In the three synoptic Gospels, Jesus’ call to the rich young man to follow him, in the obedience of a disciple and in the observance of the Commandments, is joined to the call to poverty and chastity.4 The evangelical counsels are inseparable from the Commandments.
2054 Jesus acknowledged the Ten Commandments, but he also showed the power of the Spirit at work in their letter. He preached a "righteousness [which] exceeds that of the scribes and Pharisees"5 as well as that of the Gentiles.6 He unfolded all the demands of the Commandments. "You have heard that it was said to the men of old, ‘You shall not kill.’ . . . But I say to you that every one who is angry with his brother shall be liable to judgment."7
2055 When someone asks him, "Which commandment in the Law is the greatest?"8 Jesus replies: "You shall love the Lord your God with all your heart, and with all your soul, and with all your mind. This is the greatest and first commandment. And a second is like it: You shall love your neighbor as yourself. On these two commandments hang all the Law and the prophets."9 The Decalogue must be interpreted in light of this twofold yet single commandment of love, the fullness of the Law:
The commandments: “You shall not commit adultery, You shall not kill, You shall not steal, You shall not covet,” and any other commandment, are summed up in this sentence: “You shall love your neighbor as yourself.” Love does no wrong to a neighbor; therefore love is the fulfilling of the law.10
Is this not one reason why Catholics today do not condemn Jews as strongly as some other Christians do? Was not the heart of John Paul II’s ecumenism toward Jews rooted in the realization that God is merciful, His word is eternal, and we might expect great mercy to be show toward the people to whom He had chosen to give His word?
This certainly appeals more to me than some of the evangelical Protestant love for Israel because they believe Israel to be the trigger of the end times.
In any case, I suppose I would answer the OP by saying, “Yes, Jews were God’s chosen people and Christ made Jews of us all, provided we take up our crosses and follow him.”