The fourth wave of COVID-19 infections in Spain already shows signs of stabilization and for now it is the first of the entire pandemic that has not resulted in an increase in deaths. The death curve, like that of hospitalizations, always carries – due to the virus cycles themselves – a lag with respect to that of cases. The third wave began to climb in late December and peaked in early February, about three weeks behind the positive wave. However, the infections of the fourth wave began to rise on March 16, almost a month and a half ago, and for now they are not reflected in the death graph, which has been falling since February, although since the beginning of April more slow and with small peaks in late March. Right now the average, which must be taken into account that it may take some notification delay, is above 50 per day.