That's the consensus take, which means its probably wrong.

There's still a whole summer until we're up against it, that's a lot of time for turbulence in the context of all that has been happening.

The rescission word is being thrown around, Trump himself talking about much of the debt is illegitimate, other big chunks of the debt are already owned by federal agencies, the treasury has since Trump v1 been slowly taking back control from the fed, there's some big reveal around revenue on April 2, gold is being repatriated en masse, SBR, elimination of the debt ceiling entirely has been floated to break the cycle of negotiating it, the stablecoin part of the plan is being slow dripped...

All these cross-signals and slow-walked disclosures, anything that seems obvious is more than likely misdirection. Whatever happens, it's already been war gamed at the highest levels and the public won't see it coming.