As the first quarter draws to a close, the S&P 500 is poised for an impressive price gain of nearly 10%, having surged almost 30% from its low on October 27th.

This substantial rally prompts investors to consider how much positive news has already been factored into the market.

MarketWatch’s Joy Wiltermuth highlighted concerns among investors and strategists this weekend regarding the breadth of the rally and the potential for warning signs.

Many are contemplating precautionary measures to safeguard against what appears to be an overdue market pullback.

The year-to-date performance of the market suggests that a significant amount may already be priced in, Marketwatch reported.

Analysts at Jefferies noted in a weekend report that, since 1970, there have only been 9 first quarters with better performance.

Such statistics understandably raise concerns among investors about chasing the rally. However, Jefferies also pointed out that strong starts often indicate the potential for the rally to persist, at least for a certain duration.

Written by B.C. Begley