Yes. The fundamentals still favor Biden. A lot of people have been saying the polls would tighten. Kind of surprising it happened right after the conventions though. The GOP convention was a total dud.
Looking at the YouGov crosstabs, it seems like the bump Trump got was from 65 and over crowd.
My guess is that some of the older people who turned on Trump because they didn't like being told they should be willing to sacrifice themselves for the economy, watched the RNC but came back home after watching the convention because of fearmongering about the radical left, marxism/ socialism/ antifa, etc.