\begin{landscape} \begin{table}[htbp] \centering \small \caption{Panel Regressions: RV on Post $\times$ Stance (5-min)} \label{ch3:tab:panel_rv_stance} \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 & 2.79*** & 7.86*** & 0.88*** & 0.54*** & 0.23** & 4.32*** & 2.92*** \\ & (0.40) & (1.56) & (0.10) & (0.08) & (0.09) & (0.56) & (0.30) \\ Post $\times$ Stance & -1.27 & -7.49* & -0.76** & -0.35 & 0.05 & -4.97** & -1.79* \\ & (0.91) & (3.41) & (0.28) & (0.24) & (0.22) & (1.92) & (0.85) \\ \midrule $N$ & 9,028 & 7,930 & 9,028 & 9,028 & 9,028 & 9,028 & 8,967 \\ $R^2$ & 0.008 & 0.021 & 0.042 & 0.012 & 0.000 & 0.036 & 0.021 \\ Adj.\ $R^2$ & 0.008 & 0.021 & 0.042 & 0.012 & 0.000 & 0.036 & 0.021 \\ \bottomrule \end{tabular} \begin{tablenotes}[flushleft] \small \item \textit{Notes:} Dependent variable: RV (bps, 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}