The claim of a quid-pro-quo is fabricated (seriously: it requires collusion between like five governments and three branches of the USG, of which Clinton had control of only one -- there is zero evidence of any of that). Obviously the conspiracy nuttery exists, so yeah, it's "out there".
"It's out there" is the only bit of content. Anyone who reads that and says "well damn he clearly means watch out Hillary, they know about all your illegal doings. Shred everything!" rather than "fyi the right are spreading that nonsense talking point" is making a bit of a leap IMO.