Unfortunately I think we are getting our hopes up.
Time will tell.
Yeah. Obviously we're nowhere near as bad (yet!) as we were in the first go-around in March. We have a lot fewer infections now than we had then.
But, the concern would be that things are going to kind of have to remain open this time around since we've kind of blown our wad there. That's going to lead to some pretty significant spread I would think. This appears to be a quite contagious virus, so not sure it is compatible with normal activities, like eating at restaurants, going to grocery/convenience stores, etc. Especially since masks are basically not allowed to be worn.
In our favor, we have the much vaunted summer weather which will bring it magically to zero.
I'm quite surprised to see the case spike without a death spike, even with our absolutely arbitrary testing "plan". Hope it's not just in the mail and gonna hit in 5 days.
Again, we have nowhere near as many infections as we had in March, so we've got some time to wait yet. Remember the lag will be considerably longer now, since we identify cases this time around. CFR has come way down of course (for obvious reasons), and IFR is probably about half or a third of what it was in March due to the population currently affected. So don't expect the same ratios as before. Second order effects are those mentioned before - early case identification, improved treatment, reduced inoculum, etc.
I think there should be a significant signal visible in the death numbers in the earliest states by the end of this week. It's already clearly visible in the AZ data, with a consistent and unrelenting upward rise in deaths, as you can see. (Yikes!) The deaths from ~June 12th exceeded the deaths from early May, just this week.