Fundamentally, there's minimal reason for a pull-back.
Growth has just been re-accelerated.
Email support is backlogged by >1 week because of such high sign-ups (focused on US, which may be higher margin than domestic). They'll be hiring to overcome the backlog, but that takes time.
The previous SP high was reached in September (when a fund was accumulating quickly, I think).
Since then, the SP is down from that high, but we've had a huge spurt of sign-ups, and a better than expected release of US trading.
Fundamentally, there's minimal reason for a pull-back.Growth has...
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