"I'll take it, it's a fair result. We had our good spells and created chances but we conceded two lousy goals," McCarthy said after the 2-2 draw.
The Wolves boss was upset with the tackle by American defender Frank Simek on Michael McIndoe which led to the Owls defender being sent-off by referee Jon Moss.
"Simek deserved his red card. I don't think he played the ball and even if he did it was an unacceptable challenge.
"I guarantee had it been the other way around, Brian Laws would have reacted just the way I did."