\begin{landscape} \begin{table}[htbp] \centering \small \caption{Price IRF: Stance $\times$ Novelty on Abnormal Cumulative Return} \label{ch3:tab:irf_stance_x_novelty_abn_h} \begin{threeparttable} \begin{tabular}{lccccc} \toprule & $h = 5$ min & $h = 15$ min & $h = 30$ min & $h = 60$ min & $h = 120$ min \\ \midrule E-mini S\&P 500 & -- & -- & -- & -- & -- \\ VIX Futures & -31.74** & -58.80*** & -72.89*** & -65.76*** & -53.38* \\ & (9.50) & (14.98) & (18.63) & (13.00) & (17.64) \\ 10Y T-Note & -4.54 & -10.44 & -11.95 & -14.24 & -12.05 \\ & (2.09) & (5.70) & (6.03) & (6.30) & (6.89) \\ 5Y T-Note & -1.63 & -6.94 & -8.03 & -9.66 & -5.72 \\ & (0.99) & (4.18) & (4.36) & (4.58) & (4.66) \\ Dollar Index & 0.18 & -2.85 & -5.11 & -6.15 & -3.52 \\ & (1.65) & (3.98) & (4.37) & (5.05) & (4.70) \\ Crude Oil WTI & 4.84 & 0.86 & 10.90 & 6.59 & 12.00 \\ & (6.44) & (8.45) & (14.43) & (16.04) & (15.12) \\ Gold & -1.30 & -12.83 & -10.31 & -7.35 & -6.73 \\ & (1.32) & (5.31) & (4.61) & (3.60) & (4.95) \\ \midrule $N$ & 148 & 148 & 148 & 148 & 148 \\ \bottomrule \end{tabular} \begin{tablenotes}[flushleft] \small \item \textit{Notes:} Jord\`a (2005) local projection: $\text{CumRet}_i(0 \to h) = \alpha + \beta_1 \text{Stance} + \beta_2 \text{Novelty} + \beta_3 \text{Stance} \times \text{Novelty} + \varepsilon$. Coefficient on Stance $\times$ Novelty reported in basis points ($\times 10^4$). All regressors z-scored. Newey--West HAC standard errors in parentheses. ES entries are omitted because abnormal returns are defined relative to the ES benchmark and are zero by construction. Pre-announcement placebo test passed: no significant pre-event coefficients. \item $^{***}p<0.01$, $^{**}p<0.05$, $^{*}p<0.10$ (Benjamini--Hochberg adjusted within each (DV, model) family). \end{tablenotes} \end{threeparttable} \end{table} \end{landscape}