I am thinking about the paper of Gaunce Lewis Jr. showing the incompatibility of a certain five desirable properties of spectra. This paper makes me curious about the properties of $Q := \texttt{colim } \Omega^{n}\Sigma^{n} X$ as an endofunctor of spaces. I was hoping that, if spectra are replaced with infinite loop spaces, we get more of (A1)-(A5) in the above. Specifically, I was hoping that someone could link to or confirm which of the following two are true:
$Q$ is left adjoint to the inclusion of connective spectra into based connected spaces.
$Q(X ∧ Y) ≃ Q(X) ∧ Q(Y)$ (homotopy equivalence)
For an infinite loop space $X$, $ΣΩX ≃ X$ (homotopy equivalence)
The middle of these is most interesting to me. I would like to use the long exact sequence of homotopy groups for each n separately, or at the least use some kind of induction, taking colimits afterwards.
One note: it is a bit dubious to talk about the inclusion of infinite loop spaces into based spaces, because it is often considered more natural to remember the deloopings of your space as well. In that case, it is probably better to talk about a forgetful functor from infinite loop spaces to based spaces, which only remembers the underlying space and forgets the deloopings.
Note, as an aside, that all of the properties (A1)--(A5) in the linked paper become true (in the $\infty$-categorical sense) in the $\infty$-category of spectra. The various $1$-categories of spectra only serve as models for this object, so in a sense passing to the $\infty$-category of spectra resolves the problem that the article covers.