Welcome to the forum, yes something definitely wrong there (possibly something missing) when all the components are located onto the axle/spindle it needs to have no gaps as you can't tighten the whole assembly.
Essentially it needs all of the components to form a continuous tube along the spindle to allow correct assembly, that's the spacers and bearing inner races etc, otherwise as you finally tighten the wheel it will bend the swingarm inwards and some of the components will touch when they shouldn't.
Are you certain that all of the parts are there ?