The US 7-day average of deaths has fallen to 702.
This is the lowest in the 2nd wave.
The US 7-day average first passed 702 on April 1.
Between the 1st and 2nd waves it fell below 702 from June 17 to July 10 with a low of 518 on July 5, depressed slightly due to the July 4 holiday lack of reporting.
(There was a similar dip in the Labor Day reporting leading some media to call a 3rd wave from there. The 3rd wave of cases actually started 2 weeks later.)
Third wave of new cases, yes. We are still in the second wave of deaths, they are still trending down at this moment.