This is the best summary I could come up with:

The surveys by The New York Times, Siena College and The Philadelphia Inquirer found that Mr. Trump was ahead among registered voters in a head-to-head matchup against Mr. Biden in five of six key states: Michigan, Arizona, Nevada, Georgia and Pennsylvania.

Since then, the stock market has gained 25 percent, Mr. Trump’s criminal trial in Manhattan has started, and the Biden campaign has unleashed tens of millions of dollars in advertisements across the battleground states.

The sense that Mr. Biden would do little to improve the nation’s fortunes has helped erode his standing among young, Black and Hispanic voters, who usually represent the foundation of any Democratic path to the presidency.

Historically, polls at this early stage have not been necessarily indicative of the outcome, and Mr. Trump’s breakthrough among traditionally Democratic young, Black and Hispanic voters may not rest on a solid foundation.

A bigger challenge for Mr. Biden than disengaged voters may ultimately be the disaffected and the disillusioned — those who desire fundamental changes to American society, or who believe that the political and economic systems need to be torn down altogether.

Mr. Trump’s trial in Manhattan, on charges that he falsified business records related to a hush-money payment to cover up an affair with the adult film star Stormy Daniels, was already underway when the polls began in late April.

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Been looking bad for Biden for months now, I think his key mistake is waiting for the convention to start massively campaigning.

There’s no reason for him to be doing that badly in PA.