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What are the algebras over $\Omega^k\Sigma^k$ ?

Let $Ho(Spc)$ be the homotopy category of spaces. There is an adjoint pair $$ \Sigma^k \colon Ho(Spc) \leftrightarrows Ho(Spc)\colon \Omega^k, $$ where $\Sigma^k$ is the $k$-th supension functor and ...