\begin{landscape}
\begin{table}[htbp]
\centering
\small
\caption{Panel Regressions: Beta on Post $\times$ Stance (5-min)}
\label{tab:panel_beta_stance}
\begin{threeparttable}
\begin{tabular}{lcccccc}
\toprule
 & VIX Futures & 10Y T-Note & 5Y T-Note & Dollar Index & Crude Oil WTI & Gold \\
\midrule
Intercept & -0.5789*** & -0.0206 & -0.0175** & -0.0023 & 0.0992 & 0.0405 \\
 & (0.1988) & (0.0153) & (0.0087) & (0.0016) & (0.0644) & (0.0342) \\
Post $\times$ Stance & 0.1780 & -0.0179 & -0.0165 & -0.0023 & -0.1643 & -0.0415 \\
 & (0.2433) & (0.0178) & (0.0098) & (0.0017) & (0.0782) & (0.0404) \\
\midrule
$N$ & 4,798 & 5,724 & 5,724 & 5,724 & 5,724 & 5,663 \\
$R^2$ & 0.000 & 0.001 & 0.002 & 0.001 & 0.003 & 0.001 \\
Adj.\ $R^2$ & 0.000 & 0.001 & 0.002 & 0.001 & 0.003 & 0.000 \\
\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}