We don’t really know what second wave is. The last week had some counting issues out of Louisiana from the hurricane, so all we can do it look at the graphs and see a flattening or at best mild decline.
The problem overall is this. They are essentially all old people. Each year in the US 2 million 65+ ppl die. If the average for the year float at 750 deaths per day (which would require a sharp decline averaged with the Spring) that is 750 X 365 = 273750. That’s a 14% death count increase among the elderly, and without a treatment that can be year after year.
14% is enough to take a year or two off life expectancy for everyone. Society will have to decide if it wants to tolerate that.
When you consider the age and physical condition of the victims, COVID has not taken 2 years off the life expectancy of those who died.