\begin{landscape}
\begin{table}[htbp]
\centering
\small
\caption{Panel Regressions: Beta on Post $\times$ Novelty (5-min)}
\label{tab:panel_beta_novelty}
\begin{threeparttable}
\begin{tabular}{lcccccc}
\toprule
 & VIX Futures & 10Y T-Note & 5Y T-Note & Dollar Index & Crude Oil WTI & Gold \\
\midrule
Intercept & -0.6861*** & -0.0144 & -0.0114 & -0.0017 & 0.1629*** & 0.0538** \\
 & (0.1540) & (0.0120) & (0.0070) & (0.0011) & (0.0582) & (0.0268) \\
Post $\times$ Novelty & -0.1361 & -0.0116 & -0.0064 & -0.0037 & -0.0295 & -0.0445 \\
 & (0.1765) & (0.0080) & (0.0048) & (0.0030) & (0.0706) & (0.0204) \\
\midrule
$N$ & 4,798 & 5,724 & 5,724 & 5,724 & 5,724 & 5,663 \\
$R^2$ & 0.001 & 0.001 & 0.001 & 0.005 & 0.000 & 0.002 \\
Adj.\ $R^2$ & 0.000 & 0.000 & 0.000 & 0.005 & 0.000 & 0.001 \\
\bottomrule
\end{tabular}
\begin{tablenotes}[flushleft]
\small
\item \textit{Notes:} Dependent variable: Realized Beta (5-min). Post$\times$Stance = $\mathbf{1}[t > 0] \times \text{Stance}$ (z-scored). Post$\times$Novelty = $\mathbf{1}[t > 0] \times \text{Novelty}$ (z-scored). $K = 5$ min rolling window, $\pm 30$ min event window. Clustered SE by event date. Stars: BH-adjusted.
\item $^{***}p<0.01$, $^{**}p<0.05$, $^{*}p<0.10$.
\end{tablenotes}
\end{threeparttable}
\end{table}
\end{landscape}