The two exit poll indicators were the economy and immigration and Biden got hammered on those despite reality. So I don't really agree, but maybe.
The economy is doing fine, stock market is too, jobs are up as are wages. Yet the spin for four years was that it's not. Trump's not going to actually mass deport immigrants, he'll make a show up it, they'll be nice photo ops, but in the end illegal immigrants make his wealthy friends wealthier.
What we can expect: The wealthiest are going to get more tax cuts at the expense of the middle class again. National abortion ban will probably happen, more women will die. Obamacare will be overturned, some people will be paying more for their healthcare, or losing it if they have a preexisting condition. Justices Alito and Thomas will be asked to step down so they can be replaced by Christian Nationalist judges. Police violence will rise like it did under his first term, probably higher. Elon Musk will be getting every Gov contract he wants and will be in charge of overseeing himself, so he'll become a trillionaire off our tax dollars, until the egos butt heads and that sours. That's just domestic. Foreign policy side is going to be f*cked too.