Utilize the input text as a context reference, choose the right relationship between Swoosh and Nike from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

As we indicated, we're in this Nike Swoosh kind of recovery cycle as we see it with Q2 and Q3 being the bottom quarters.

Answer: owned_by