If $X$ and $Y$ are two spectra, I denote by $F(X,Y)$ their mapping spectrum. This is uniquely determined by the existence of a natural isomorphism $[X\wedge Y, Z]\cong [X,F(Y,Z)]$.
I denote by $H_*$ the rational homology functor. If $X$ is a finite spectrum, I have an isomorphism $H_*(F(X,Y))\cong Hom(H_*(X),H_*(Y))$. Indeed, each side is a generalized cohomology theory in the $X$ variable that takes the value $H_*(Y)$ on the sphere. I would like to extend this result to a general $X$. What I can do is write a general spectrum $X$ as a filtered homotopy colimit of spectra $X_i$ that are finite. Then $F(X,Y)$ is the inverse limit of the spectra $F(X_i,Y)$. I get a Milnor exact sequence:
$$0\to \mathrm{lim}_i^1Hom_{n-1}(H_{*}(X_i),H_{*}(Y))\to H_nF(X,Y)\to \mathrm{lim}_i Hom_n(H_*(X_i),H_*(Y))\to 0$$
where $Hom_n$ denotes the set of homomorphisms of degree $n$.
I want to look at an example of the previous exact sequence with $X=\bigvee_{\mathbb{N}}S^0$ and $Y=S^0$. I can write $X$ as the homotopy colimit of $X_i=\bigvee_{1\leq k\leq i}S^0$. Then, $F(X,Y)$ is equivalent to $(S^0)^{\mathbb{N}}$, thus $H_0(F(X,Y))\cong \mathbb{Q}\otimes\mathbb{Z}^{\mathbb{N}}$. On the other hand, we have $$\mathrm{lim}_i\;Hom_0(H_*(X_i),H_*(Y))\cong \mathrm{lim}_i\;\mathbb{Q}^i\cong\mathbb{Q}^{\mathbb{N}}$$ The obvious map $\mathbb{Q}\otimes\mathbb{Z}^{\mathbb{N}}\to\mathbb{Q}^{\mathbb{N}}$ is not even surjective !
My question has two parts:
(1) Explain where the mistake is in the previous calculation. My guess is that I misunderstood the Milnor exact sequence.
(2) Is there a method for computing $H_*(F(X,Y))$ knowing $H_*(X)$ and $H_*(Y)$ ?