Nike's stocks going up ever so slightly -- which just so happened on the heels of the Betsy Ross controversy -- has absolutely nothing to do with Colin Kaepernick ... so says Ted Cruz.
The Texas senator shut down any notion that Kap sent Nike's market value soaring in the wake of the footwear company yanking its planned Betsy Ross shoe at the ex-QB's behest, because he says there's a much simpler explanation ... a booming economy.
There's no way of knowing for sure what effect, if any, Kap's involvement might've had -- but we do know anytime his name gets brought up next to the Swoosh .