Looking at the league overall I think that there are basically 3 groups
The big six Arsenal, Chelsea, Liverpool, Man City, Man United Liverpool and Spurs. Between them these teams will contest the title the top 4 and probably both domestic trophies. The condensed nature of the season might derail them but I would be shocked if two from this group finished outside the top 6 places in the division.
The next four Leicester, Everton, Wolves and Southampton. A small group of teams who are almost certainly too strong to go down possibly strong enough to mount some sort of challenge to Arsenal who are probably the weakest of the big 6. Could win a cup and in Leicester's case do well in the Europa League.
The rest in no particular order Leeds, Crystal Palace, Burnley, Fulham West Brom,West Ham,Villa, Brighton, Newcastle and Sheffield United. The bottom 3 will be drawn from this group. I would suggest that the newly promoted sides are always among the favorites to go down and unlike most commentators I would include Leeds in this group.
Up and down the league way too much emphasis is placed on transfers and who had a good or bad window. What is much more important is how a team works together and how players are developing who are already in the squad.