Loop Spaces and Connections

We examine the geometry of loop spaces in derived algebraic geometry and extend in several directions the well known connection between rotation of loops and the de Rham differential. Our main result, a categorification of the geometric description of cyclic homology, relates S^1-equivariant quasicoherent sheaves on the loop space of a smooth scheme or geometric stack X in characteristic zero with sheaves on X with flat connection, or equivalently D_X-modules. By deducing the Hodge filtration on de Rham modules from the formality of cochains on the circle, we are able to recover D_X-modules precisely rather than a periodic version. More generally, we consider the rotated Hopf fibration Omega S^3 --> Omega S^2 --> S^1, and relate Omega S^2-equivariant sheaves on the loop space with sheaves on X with arbitrary connection, with curvature given by their Omega S^3-equivariance.