No. of Recommendations: 2
If stocks are down when it is time to rebalance, you will be selling BONDS and BUYING stocks.

Suppose I don't have any bonds?

Then you won't be concerned about re-balancing at least from a stock to bond allocation.
A distribution for the RMD must be made and in my mind it is immaterial whether the cash coming out had been the stock value or a distribution.
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