> the indication that no other indictments means that collusion is not a part of the report.
This is incorrect.
"Collusion" isn't a specific crime, but rather, a euphemism for a family of crimes.
We've seen Trump associates charged with and convicted of those crimes, relating to improper communications, obstructing an investigation into foreign influence, lying to the government during an investigation, etc.
We've seen the Russians charged with the related crimes, such as hacking the DNC. We've seen Mueller trace out the connection between GRU and the campaign convicts, via Wikileaks. We've seen multiple Trump associates who lied under oath about their or Trump's financial dealings with Russia. Or in the case of Stone, about many many things.
We've seen additional evidence that Trump is the center of a vast criminal syndicate with ties to Russia, given the multiple branching investigations across jurisdictions, the related campaign finance crimes, and the testimony of his decade-long "fixer".
This is what is looks like when a criminal organization is prosecuted -- and the reason that Trump has not been charged with conspiracy relating to the criminal acts he ordered, acts for which others face jail terms, is policy against indicting a sitting president.
There's no speculation involved, and considerable evidence of their criminality.
What's fanciful is you ignoring all of the facts to say things like:
"Well, it doesn't matter if associates of his are going down for related crimes, and that he's the connecting feature between their criminal acts -- that he hasn't been charged with something made up means that nothing happened!"
(All of that aside, the media is a travesty and their coverage of this has been click-bait driven fantasy.)