\begin{landscape}
\begin{table}[htbp]
\centering
\small
\caption{Panel Regressions: $\log$(RV) on Post $\times$ Novelty (5-min, $\pm$30 min)}
\label{tab:panel_logrv_novelty}
\begin{threeparttable}
\begin{tabular}{lccccccc}
\toprule
 & E-mini S\&P 500 & VIX Futures & 10Y T-Note & 5Y T-Note & Dollar Index & Crude Oil WTI & Gold \\
\midrule
Intercept & -13.4894*** & -18.9261*** & -16.4259*** & -16.9510*** & -22.6505*** & -13.4467*** & -13.4834*** \\
 & (0.2892) & (0.3813) & (0.3396) & (0.3423) & (0.1015) & (0.2887) & (0.2946) \\
Post $\times$ Novelty & -0.5169 & 0.3020 & -1.8142*** & -1.2188* & 0.8439 & -0.3328 & -0.4821 \\
 & (0.5996) & (0.8881) & (0.5683) & (0.5493) & (0.4881) & (0.6298) & (0.6316) \\
\midrule
$N$ & 9,028 & 7,930 & 9,028 & 9,028 & 9,028 & 9,028 & 8,967 \\
$R^2$ & 0.003 & 0.001 & 0.031 & 0.015 & 0.069 & 0.001 & 0.002 \\
Adj.\ $R^2$ & 0.002 & 0.001 & 0.031 & 0.015 & 0.068 & 0.001 & 0.002 \\
\bottomrule
\end{tabular}
\begin{tablenotes}[flushleft]
\small
\item \textit{Notes:} Dependent variable: $\log(\text{RV}_t(5))$. 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}
