Sure. On the one hand, I agree with you, but on the other hand, bookmakers are already taking bets on that event with might and main. Here is a group of favorites:
Brazil 5.50
England 6.55
France 7.00
Spain 8.95
Argentina 8.95
Germany 11.90
Portugal 13.00
Netherlands 13.00
Belgium 13.10
If I remember correctly, the last time I looked at the quotes, Brazil and England were on the same level, and France lagged behind quite a bit. It turns out that the games in the League of Nations had a negative impact on the chances of European teams.
Nations League was a disaster for France and England but I doubt that these clubs will perform poorly in Qatar like they did in NL.
Brazil to be the most favourite is OK. England in the second place? That's a bit exaggerated imo. France is better tho. Argentina isn't that bad and there shouldn't be such difference from England. Portugal? That would be a surprise.